Q3 2025 Holdings
Filed 2025-11-14 | 68 holdings | $260.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Equity Bancshares Inc(EQBK) | COM CL A | 29460X109 | $16.0M | 392,490 | 6.1% |
| Mechanics Bancorp(MCHB) | CL A | 43785V102 | $14.0M | 1,054,839 | 5.4% |
| Primis Financial Corp(FRST) | COM | 74167B109 | $12.8M | 1,217,327 | 4.9% |
| Versabank New(VBNK) | COM | 92512J106 | $12.6M | 1,031,134 | 4.8% |
| Abacus Global Mgmt Inc(ABX) | CL A | 00258Y104 | $11.0M | 1,918,601 | 4.2% |
| First Horizon Corporation(FHN) | COM | 320517105 | $10.4M | 457,770 | 4.0% |
| Renasant Corp(RNST) | COM | 75970E107 | $9.2M | 250,000 | 3.5% |
| Uscb Financial Holdings Inc(USCB) | CLASS A COM | 90355N101 | $8.5M | 487,142 | 3.3% |
| Simmons 1ST Natl Corp(SFNC) | CL A $1 PAR | 828730200 | $7.8M | 406,570 | 3.0% |
| FB Finl Corp(FBK)Call | COM | 30257X104 | $7.6M | 144,000 | 2.9% |
| Avidbank Hldgs Inc(AVBH) | COM | 05368J103 | $7.6M | 297,646 | 2.9% |
| Coastalsouth Bancshares Inc(COSO) | COM NEW | 19058X207 | $7.2M | 332,349 | 2.8% |
| Origin Bancorp Inc(OBK) | COM | 68621T102 | $6.9M | 200,000 | 2.6% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $6.7M | 10,000 | 2.6% |
| Amerant Bancorp Inc(AMTB) | CL A | 023576101 | $6.0M | 311,897 | 2.3% |
| Business First Bancshares in(BFST) | COM | 12326C105 | $5.9M | 250,000 | 2.3% |
| First Westn Finl Inc(MYFW) | COM | 33751L105 | $5.8M | 253,336 | 2.2% |
| California Bancorp(BCAL) | COM | 84252A106 | $5.7M | 341,340 | 2.2% |
| Banc of California Inc(BANC)Call | COM | 05990K106 | $4.8M | 297,025 | 1.9% |
| Civista Bancshares Inc(CIVB) | COM NO PAR | 178867107 | $4.6M | 225,335 | 1.8% |
| Midwestone Finl Group Inc NE(MOFG) | COM | 598511103 | $4.2M | 150,000 | 1.6% |
| Spdr Series Trust(KRE)Put | S&P REGL BKG | 78464A698 | $3.7M | 75,000 | 1.4% |
| Ishares TR(IWM)Put | RUSSELL 2000 ETF | 464287655 | $3.6M | 15,000 | 1.4% |
| Byline Bancorp Inc(BY) | COM | 124411109 | $3.5M | 125,000 | 1.3% |
| Flagstar Financial Inc(FLG)Call | COM NEW | 649445400 | $3.4M | 298,552 | 1.3% |
| Old Natl Bancorp IND(ONB) | COM | 680033107 | $3.3M | 149,750 | 1.3% |
| Coastal Finl Corp WA(CCB) | COM NEW | 19046P209 | $3.2M | 29,700 | 1.2% |
| Firstsun Cap Bancorp(FSUN) | COM | 33767U107 | $3.2M | 81,233 | 1.2% |
| Financial Instns Inc(FISI) | COM | 317585404 | $2.9M | 106,022 | 1.1% |
| Northpointe Bancshares Inc.(NPB) | COM SHS | 66661N886 | $2.8M | 165,614 | 1.1% |
| First Merchants Corp(FRME) | COM | 320817109 | $2.8M | 75,000 | 1.1% |
| Select Sector Spdr TR(XLF)Put | FINANCIAL | 81369Y605 | $2.7M | 50,000 | 1.0% |
| Nicolet Bankshares Inc(NIC) | COM | 65406E102 | $2.6M | 19,800 | 1.0% |
| Shore Bancshares Inc(SHBI) | COM | 825107105 | $2.5M | 155,290 | 1.0% |
| Synovus Finl Corp(SYU1) | COM NEW | 87161C501 | $2.4M | 49,750 | 0.9% |
| Provident Finl Svcs Inc(PFS) | COM | 74386T105 | $2.4M | 125,000 | 0.9% |
| Flushing Finl Corp(FFIC) | COM | 343873105 | $2.4M | 171,299 | 0.9% |
| Carter Bankshares Inc(CARE) | COM NEW | 146103106 | $2.3M | 117,392 | 0.9% |
| Bridgewater Bancshares Inc(BWB) | COM | 108621103 | $2.2M | 127,530 | 0.9% |
| First Fndtn Inc(FFWM) | COM | 32026V104 | $2.2M | 400,000 | 0.9% |
| Hometrust Bancshares Inc(HTB) | COM | 437872104 | $1.9M | 46,847 | 0.7% |
| Cadence Bank(CADE) | COM | 12740C103 | $1.9M | 50,000 | 0.7% |
| Ameris Bancorp(ABCB) | COM | 03076K108 | $1.8M | 25,250 | 0.7% |
| Atlantic UN Bankshares Corp(AUB) | COM | 04911A107 | $1.8M | 50,000 | 0.7% |
| Old Second Bancorp Inc ILL(OSBC) | COM | 680277100 | $1.7M | 100,000 | 0.7% |
| Huntington Bancshares Inc(HBAN)Put | COM | 446150104 | $1.7M | 100,000 | 0.7% |
| Bank America Corp(BAC) | COM | 060505104 | $1.7M | 34,750 | 0.7% |
| Live OAK Bancshares Inc(LOB) | COM | 53803X105 | $1.7M | 49,750 | 0.6% |
| Wesbanco Inc(WSBC) | COM | 950810101 | $1.6M | 50,000 | 0.6% |
| Spdr Series Trust(KBE)Put | S&P BK ETF | 78464A797 | $1.5M | 25,000 | 0.6% |